Kenya’s financial markets regulator, Capital Markets Authority (CMA) has launched an anonymous portal to enable whistleblowers report malpractices in the capital markets.
Speaking while announcing the launch of the portal, CMA Chief Executive, Mr Paul Muthaura, said the Authority is committed to ensuring that the market operates at the highest levels of integrity and is therefore creating new avenues to proactively receive constructive and sufficiently evidenced tips to improve responsiveness and strengthen timely enforcement.
‘’We as an Authority recognize the pivotal role whistle blowers can play in assisting to initiate effective investigations which lead to sustainable enforcement actions. This helps ensure that market confidence can be strengthened and failures in integrity are responded to in a timely manner.”
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Using the portal whistle blowers can indicate the nature of the malpractice or allegation, the place, date and time of its occurrence, information on key suspects and details of persons who can verify or provide further information. Whistle blowers will also be required to attach supporting documentation to assist the investigations team at the Authority. To encourage the public to share information in their possession, whistle blowers will be at liberty to share their contact details or remain anonymous.